In China, economic growth rate drops for the third quarter in succession and there are fears that the economy may see an intense downturn in the coming days. According to the National Bureau of Statistics, during the 3rd Q the economy grew at a rate of 9% that was 10.1% down compared to previous quarter. Read more
Archive : shares
26% rise in profits, Google defies economic worries
The online search giant shows 26% rise in profits despite worsening economic conditions in the country. The announcement became a cause of 7% increase in the company’s shares in after-hours trading. During the 3Q of the 2008, Google minted $1.35bn and beaten the analysts expectations quite easily. The company said in an announcement that its Read more
Asian markets showed mixed results after G7 crisis talks
After world leaders talk to end the current financial crisis, Asian markets saw mixed results during first day trading. In morning trading, shares were up in Australian, Hong Kong, Singapore and South Korean markets, but they opened down in the main markets in Taiwan and Shanghai. Earlier this week, EU leaders announced that big bank Read more
Nokia may loss market share in 3Q
The predicted market share for the third quarter has been lowered by the world’s largest mobile phone maker. The statement became the cause to push its shares down 9.6% to 14.20 euros that was the lowest level since 2005. According to Nokia, problems with the production of its new mid-range phones and rivals’ aggressive pricing Read more